NexGen Energy Ltd. (TSE:NXE) Given Average Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$14.42.

Several equities analysts have recently commented on the stock. Scotiabank boosted their price target on shares of NexGen Energy from C$12.75 to C$14.00 in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price on NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Haywood Securities raised their price target on NexGen Energy from C$12.50 to C$13.75 in a research note on Wednesday, November 20th. Ventum Financial increased their price objective on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Raymond James lifted their target price on shares of NexGen Energy from C$12.00 to C$13.50 in a research note on Wednesday, November 20th.

NexGen Energy Stock Down 3.6 %

TSE:NXE opened at C$10.69 on Friday. The business’s fifty day moving average price is C$10.63 and its 200 day moving average price is C$9.56. The firm has a market capitalization of C$6.04 billion, a price-to-earnings ratio of 62.88 and a beta of 1.76. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. NexGen Energy has a 1-year low of C$7.04 and a 1-year high of C$12.51.

NexGen Energy (TSE:NXE) last issued its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the prior year, the business posted ($0.03) earnings per share. On average, sell-side analysts forecast that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NexGen Energy news, Director Leigh Robert Curyer sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$11.55, for a total value of C$14,442,875.00. Insiders own 7.96% of the company’s stock.

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.